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District presents midyear budget amendments; transfers $200,000 from fund 177 to replace Stewart's Creek gym floor
Summary
Rutherford County Schools staff outlined midyear cleanup amendments to fund 141 and a fund 177 transfer of $200,000 to repair/replace a gym floor at Stewart's Creek High that was damaged by a water-main break; staff also flagged transportation contract negotiations and bus-route mileage data.
District finance staff presented a midyear “cleanup” budget amendment and other financial updates at the work session.
The fund 141 midyear amendment adjusts revenue and expenditure line items to reflect state grant allocations received after the original budget and higher-than-expected maintenance, instructional, security and transportation costs; staff described a net increase in both revenue and expenditures of $1,310,000 with no use of fund balance reported at…
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